GSA Capital Partners LLP Invests $260,000 in The Kraft Heinz Company (NASDAQ:KHC)

GSA Capital Partners LLP bought a new position in shares of The Kraft Heinz Company (NASDAQ:KHC) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,671 shares of the company’s stock, valued at approximately $260,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Provident Wealth Management LLC purchased a new stake in shares of The Kraft Heinz during the third quarter worth approximately $42,000. Glassman Wealth Services increased its position in shares of The Kraft Heinz by 28.5% during the second quarter. Glassman Wealth Services now owns 1,383 shares of the company’s stock worth $44,000 after purchasing an additional 307 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its position in shares of The Kraft Heinz by 27.4% during the second quarter. Global Wealth Management Investment Advisory Inc. now owns 1,582 shares of the company’s stock worth $50,000 after purchasing an additional 340 shares in the last quarter. Rock Creek Group LP increased its position in shares of The Kraft Heinz by 30.9% during the third quarter. Rock Creek Group LP now owns 1,971 shares of the company’s stock worth $59,000 after purchasing an additional 465 shares in the last quarter. Finally, Rockbridge Investment Management LCC purchased a new stake in shares of The Kraft Heinz during the second quarter worth approximately $61,000. Hedge funds and other institutional investors own 58.02% of the company’s stock.

KHC opened at $32.26 on Friday. The stock’s 50-day moving average price is $31.28 and its 200 day moving average price is $32.11. The Kraft Heinz Company has a 12-month low of $19.99 and a 12-month high of $36.37. The company has a current ratio of 1.31, a quick ratio of 0.96 and a debt-to-equity ratio of 0.57. The firm has a market cap of $39.44 billion, a price-to-earnings ratio of -80.65, a PEG ratio of 2.27 and a beta of 0.99.

The Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Thursday, October 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.08. The Kraft Heinz had a positive return on equity of 6.80% and a negative net margin of 1.92%. The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.32 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The Kraft Heinz’s revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that The Kraft Heinz Company will post 2.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, November 27th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.96%. The ex-dividend date is Wednesday, November 25th. The Kraft Heinz’s payout ratio is 56.14%.

KHC has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on The Kraft Heinz from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, September 16th. DZ Bank upgraded The Kraft Heinz from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Thursday, September 10th. Bank of America restated a “buy” rating on shares of The Kraft Heinz in a report on Thursday, July 30th. Guggenheim upgraded The Kraft Heinz from a “neutral” rating to a “buy” rating and upped their target price for the company from $34.00 to $35.00 in a report on Friday, October 30th. Finally, Jefferies Financial Group upped their target price on The Kraft Heinz from $32.00 to $36.00 and gave the company a “hold” rating in a report on Monday, July 27th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.50.

In other The Kraft Heinz news, major shareholder Global Food Holdings Lp 3G sold 29,169,550 shares of the stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $30.31, for a total value of $884,129,060.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Damme Alexandre Van purchased 13,849,315 shares of The Kraft Heinz stock in a transaction on Monday, November 9th. The stock was bought at an average cost of $30.38 per share, for a total transaction of $420,742,189.70. The disclosure for this purchase can be found here. 0.53% of the stock is currently owned by corporate insiders.

The Kraft Heinz Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy, meals, meats and seafood, frozen and chilled foods, packaged drinking pouches, appetizers, refreshment beverages, coffee, nuts and salted snacks, infant and nutrition products, and other grocery products, as well as desserts, dressings, toppings, and baking.

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Institutional Ownership by Quarter for The Kraft Heinz (NASDAQ:KHC)

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